Moscow Digs In as Western Sanctions Mount Over Ukraine -- Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Gregory L. White, Anton Troianovski and Laurence Norman Pro-Russia rebels in eastern Ukraine saw some of their worst battlefield setbacks in weeks Monday as the West agreed on tougher sanctions aimed at forcing Moscow to cut support for the ...

European Stocks Slip as Investors Seek Safe-Harbor Assets--Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Josie Cox Investors clambered for safe-harbor assets Tuesday, spurred by uncertainty over the breadth and severity of a next round of Russian sanctions, sending German government bonds to their strongest levels on record. The yield on the 10-year German ...

Vodafone Ready For UK "Quad-Play" Move

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Simon Zekaria LONDON--Vodafone Group PLC Tuesday said it is ready to compete in the U.K.'s developing "quad-play" consumer space of mobile, fixed-line telephony, broadband and television services, even if it says the market is not developed yet. "Real quadruple-play ...

City, State Seek Dismissal of Suit Challenging Property-Tax System

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Josh Barbanel The city and state have moved to dismiss a challenge to the city's property-tax system by black and Hispanic renters. The plaintiffs contend that rental buildings are taxed at higher rates than co-ops, condos and private houses, ...

Airbus Completes Acquisition of Germany-Based Salzburg Munchen Bank

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Marion Halftermeyer PARIS--Airbus Group (AIR.FR) said Tuesday that it completed the acquisition of Salzburg Munchen Bank AG through a share purchase agreement that will allow the French aircraft manufacturer to establish its own in-house bank. With its own bank, ...

MARKET SNAPSHOT: U.S. Stocks Open Higher; Dow Above 17,000

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Anora Mahmudova and Carla Mozee, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks opened higher Tuesday with modest gains pushing the Dow Jones Industrial Average above 17,000, thanks to prices gains in Merck & Co and Pfizer Inc following better-than-expected ...

European Bond Prices Rally to Record Highs

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Tommy Stubbington and Josie Cox Government bonds in the euro area have been on the up for months. Now the threat of wider sanctions against Russia and its implications for Europe is propelling them to record highs. An anemic ...

EU Will Add to Ukraine Sanctions List--Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Matthew Dalton and Laurence Norman BRUSSELS--The European Union is preparing to add at least five individuals and two entities to its Ukraine sanctions list, for the first time targeting oligarchs who the bloc says are supporting or benefiting from ...

Ecobank: Kenya Oil Segment Needs $16 Billion Investment

TODAY: July 29, 2014 PUB DATE: July 29, 2014

NAIROBI--Kenya's oil exploration and production sector needs more than $16 billion of investments over the next three years according to a report by pan-African bank, Ecobank, released last week. Ecobank said Kenya is expected to join the league of oil ...

Oil Futures Subdued on Demand Worries

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Eric Yep Crude-oil futures extended losses in Asian trading hours Tuesday as concerns over weak demand offset the impact of sanctions on Russia and additional violence in the Middle East. On the New York Mercantile Exchange, light, sweet crude ...

Moody's Raises Vietnam Credit Ratings; Outlook Stable -- Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By WSJ Staff Moody's Investors Service upgraded the ratings of Vietnam on Tuesday, citing the country's emerging track record of macroeconomic stability. The rating firm said it raised the senior unsecured and issuer bond ratings of Vietnam by one notch, ...

Centrica Buys Direct Energy for $54 Million

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Ian Walker LONDON--Energy company Centrica PLC (CNA.LN) said Tuesday its North American subsidiary, Direct Energy, has bought the U.S. residential solar business Astrum Solar for $54 million. Privately held Astrum Solar designs, installs and maintains solar power generating equipment ...

Brazil's Total Credit up Slightly in June; Default Rate Drops

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Rogerio Jelmayer SAO PAULO--Total credit in the Brazilian economy increased in June less than expected, due to low demand the amid tepid economic activity. Total credit reached 2.83 trillion Brazilian reais ($1.27 trillion) in June, the central bank said ...

BOJ Ishida Cautious Over Consumption and Exports

TODAY: July 29, 2014 PUB DATE: July 29, 2014

SHIMONOSEKI, Japan--A member of the Bank of Japan policy board on Tuesday sounded a slightly cautious note on the nation's economy as consumption has yet to clearly pick up amid the hangover from the April's sales tax increase and stagnant ...

Swiss Property Market Starts to Cool

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Neil MacLucas ZURICH--Signs are emerging that the recent price boom in Switzerland's property market is starting to ease as the government, the central bank and banks toughen up their lending rules. House and condominium prices in Switzerland have seen ...

EU Clears Poland Restructuring Aid to LOT Airlines

TODAY: July 29, 2014 PUB DATE: July 29, 2014

BRUSSELS--The European Union competition authority approved Tuesday a EUR200 million ($268.68 million) aid package the Polish government plans to give LOT Airlines, the troubled national flag carrier. After years of losses, Poland gave LOT a EUR100 million bailout last year. ...